Astronics Corporation Stock Forecast
On Friday, Astronics Corporation stock price gained an impressive 6.68%
(Updated on May 03, 2024)
The Astronics Corporation stock price gained 6.68% on the last trading day (Friday, 3rd May 2024), rising from $17.22 to $18.37. It has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 7.74% from a day low at $17.06 to a day high of $18.38. The price has risen in 8 of the last 10 days and is up by 14.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 58 thousand more shares were traded than the day before. In total, 180 thousand shares were bought and sold for approximately $3.31 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is $17.80, a level that may pose a second chance to hit a runner. According to fan-theory $20.01 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ATRO Signals & Forecast
Mostly positive signals in the chart today. The Astronics Corporation stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $16.96 and $17.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 14.81%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Astronics Corporation stock
Astronics Corporation finds support from accumulated volume at $18.21 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.32 between high and low, or 7.74%. For the last week, the stock has had daily average volatility of 3.40%.
Since the Astronics Corporation has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: $17.70 (-3.64%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (ATRO) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Astronics Corporation to open at $17.94, and during the day (based on 14 day Average True Range), to move between $17.80 and $18.94, which gives a possible trading interval of +/-$0.569 (+/-3.10%) up or down from last closing price. If Astronics Corporation takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $18.21 (0.87%) than the resistance at $19.11 (4.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Astronics Corporation stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.225 Buy Candidate Upgraded
Predicted Opening Price for Astronics Corporation of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $17.94 ( 2.36%) | $18.37 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.26 | 4.83 % | |
| R2 | 18.75 | 2.08 % | ||
| R1 | 18.44 | 0.386 % | ||
| Current price: | 18.37 | |||
| Support | S1 | 17.43 | -5.10 % | |
| S2 | 17.12 | -6.80 % | ||
| S3 | 16.62 | -9.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.51 | 6.21 % | |
| R2 | 19.17 | 4.35 % | ||
| R1 | 19.11 | 4.03 % | ||
| Current price | 18.37 | |||
| Support | S1 | 18.21 | -0.87% | |
| S2 | 17.65 | -3.92% | ||
| S3 | 16.12 | -12.25% |
ATRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2012 | Oct 25, 2012 | Oct 25, 2012 | $1.67 | 16.16% |
| 2 | Oct 02, 2008 | Oct 02, 2008 | Oct 02, 2008 | $2.04 | 31.16% |
| 3 | Mar 17, 2003 | Mar 17, 2003 | Mar 17, 2003 | $1.10 | 62.63% |
| 4 | Nov 14, 2001 | Nov 14, 2001 | Nov 14, 2001 | $1.41 | 26.85% |
| 5 | Oct 13, 2000 | Oct 13, 2000 | Oct 13, 2000 | $0.333 | 8.37% |
FAQ
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